SG Americas Securities LLC Has $680,000 Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

SG Americas Securities LLC lifted its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 237.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,825 shares of the company's stock after acquiring an additional 14,655 shares during the quarter. SG Americas Securities LLC's holdings in Essential Properties Realty Trust were worth $680,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Crowley Wealth Management Inc. bought a new position in Essential Properties Realty Trust during the fourth quarter worth about $28,000. Jones Financial Companies Lllp grew its holdings in Essential Properties Realty Trust by 1,834.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock worth $37,000 after purchasing an additional 1,119 shares during the period. Franchise Capital Ltd bought a new position in Essential Properties Realty Trust during the first quarter worth about $42,000. Quarry LP grew its holdings in Essential Properties Realty Trust by 439.4% during the fourth quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after purchasing an additional 1,182 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Essential Properties Realty Trust by 275.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock worth $77,000 after purchasing an additional 1,802 shares during the period. Institutional investors and hedge funds own 96.98% of the company's stock.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, VP A Joseph Peil sold 13,227 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $32.96, for a total transaction of $435,961.92. Following the completion of the transaction, the vice president now directly owns 76,590 shares in the company, valued at $2,524,406.40. The trade was a 14.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EPRT shares. UBS Group reduced their price target on Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Truist Financial boosted their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Barclays restated an "overweight" rating and set a $37.00 price objective (up previously from $35.00) on shares of Essential Properties Realty Trust in a report on Wednesday, May 21st. Finally, Scotiabank boosted their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.91.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT traded down $0.24 during midday trading on Friday, reaching $32.41. The company's stock had a trading volume of 5,814,653 shares, compared to its average volume of 1,453,769. The company has a debt-to-equity ratio of 0.55, a quick ratio of 7.76 and a current ratio of 7.76. Essential Properties Realty Trust, Inc. has a fifty-two week low of $26.75 and a fifty-two week high of $34.88. The business's 50 day moving average price is $32.13 and its two-hundred day moving average price is $31.83. The company has a market cap of $6.40 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.45 and a beta of 1.10.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Essential Properties Realty Trust had a net margin of 44.62% and a return on equity of 6.13%. The business had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The firm's quarterly revenue was up 24.9% on a year-over-year basis. On average, analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.30 per share. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.30. This represents a $1.20 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Monday, June 30th. Essential Properties Realty Trust's payout ratio is currently 102.61%.

Essential Properties Realty Trust Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.